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SoftBank to invest $2.25B in GM Cruise; GM to add $1.1B; driving large-scale AV deployment

Green Car Congress

billion in GM Cruise Holdings LLC (GM Cruise), further strengthening the company’s plans to commercialize autonomous vehicle (AV) technology at large scale. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction. The investments value GM Cruise at $11.5 SoftBank Vision Fund will invest $2.25

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UAW President: Tesla workers are union “members of the future”

Teslarati

In a response to Ford Motor Co. During his speech in Ford’s hometown of Dearborn, Michigan, Bill Ford noted that high labor costs could limit spending on developing new vehicles and investing in factories. . “We need to come together to bring an end to this acrimonious round of talks.

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GM’s Volt Program = $700m

Revenge of the Electric Car

GM to invest $700m in Volt rechargeable electric car. “GM is spending $336m to upgrade the Hamtramck plant; $202m for a new plant in Flint, north of Detroit, that will build 1.4 GM to invest $700m in Volt rechargeable electric car. Michigan has approved $135.2m Tags: Production News Detroit GM Chevy Volt.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

President Biden says his EV policies will result in “one million new jobs in the American automobile industry. Michigan Governor’s Gretchen Whitmer, for example, claimed that since she took office in 2019, 25,000 new auto jobs were added to the state through her leadership in leading “the future of mobility and electrification.”

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How Carmakers Are Responding to the Plug-In Hybrid Opportunity

Tony Karrer Delicious EVdriven

GM has announced plans for public sales in 2010, and almost every carmaker now says it will sell PHEVs or highway-speed battery electric vehicles (BEVs) sometime after 2010. General Motors Chevy Volt series PHEV, which it calls "extended range electric vehicle" (EREV), part of "E-Flex" multi-fuel platform. Plans Saturn Vue PHEV-10.

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Trump promises 100% tariff on Mexico-built Chinese cars—EV or not

Baua Electric

And I’ll tell them if they want to build a plant in Michigan, in Ohio, in South Carolina, they can, using American workers, they can’t send Chinese workers over here which they sometimes do…but they’re not going to build them in Mexico.” automobile industry as a whole.” market,” which would “endanger the survival of the U.S.

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